Norway Company investments to Latvia Company are: Preference share capital 15% Ordinary share capital 40% Latvia Company's share capital outstanding on December 31, 2021, is as follows: 10% Cumulative preference share capital P2,000,000 Ordinary share capital 7,000,000 Latvia Company reported a net income of P5,000,000 for the year ended December 31, 2021. How much is the investment income for December 31, 2021?
Q: Faigen Academy Surplus had 20,000 shares of common stock and 8,000 shares of 5%, $5 par value…
A:
Q: Required: Income statement for the year ended 31 December 2020
A: Income statement refers to a statement which shows the revenue and expense of the company of a…
Q: JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in…
A: Income Statement - This statement shows the income earned and loss incurred by the organization in…
Q: norway company investments to latvia company are: preference share capital 15%, ordinary share…
A: Net income:-It is the balance where total expenses get deducted from total revenue is known as Net…
Q: Income tax rates Resident company Paid up ordinary share capital RM2,500,000 or less and gross…
A: Tax is a charge which is levied on the taxable income by the government and the tax amount has to be…
Q: Beximco Pharmaceuticals Ltd. has 68,200 of common stock outstanding. Beximco employs tk. 55,80,000…
A: The net operating income approach suggests that the weighted average cost of capital and the total…
Q: Retained earnings 1 400 000 Non-current liabilities 1 600 000 Long-term loan 1 600 000 Current…
A: 1. Calculation of Net profit Sales = 7,200,000 Net profit = 7,200,000 x 10% = 720,000 2.…
Q: 22. A company grants 100 Share appreciation rights (SAR), payable in cash, to an employee on 1/1/Y1.…
A: In accounting, the process that the company uses to record SAR agreements is to accrue a liability…
Q: Bonita Co. invested $910,000 in Windsor Co. for 25% of its outstanding stock. Windsor Co. pays out…
A: Dividend is paid on the outstanding stock.
Q: The trial balance of Beta shows the following balances at 31 December 2021: Dr Cr $000…
A: The Statement of Profit or Loss and Other Comprehensive Income is an important financial statement…
Q: Summary information is given for SBMA, Inc. and PCIB Company at July 1, 2016. The quoted market…
A: The amount of goodwill on consolidation will be calculated by subtracting the fair value of the…
Q: A company has $100,000 of share capital and $60,000 Retained Earnings at the end of 2020, and…
A: Retained earnings ending balance is result of retained earnings beginning balance plus Net income…
Q: The company's total shareholders' equity as of 12/31/2020 is $1,777,000 Common stock; par value of…
A: Multi-step income statement approach is an approach that categorizes the income and expenses as…
Q: The market capitalization of Abutia Plc as at 31 December 2018 was GHC21 million. The stated capital…
A: Price Earning Ratio refers to a financial ratio that is being used in order to value a stock and…
Q: RATIO ANALYSIS Data for Barry Computer Co. and its industry averages follow. Thefirm’s debt is…
A: Financial ratios are the quantitative metrics that evaluate the performance of a business entity…
Q: Extracts from the draft Statements of Comprehensive Income for the year ended 31 December 20x1,…
A: EPS (Earnings per share) is calculated by dividing the net income by total weighted average of…
Q: 14. A company grants 100 Share appreciation rights (SAR), payable in cash, to an employee on 1/1/Y1.…
A: Stock appreciation right (SAR) - Entitles an employee to receive stock/cash if the entity's stock…
Q: Beximco Pharmaceuticals Ltd. has 68,200 of common stock outstanding. Beximco employs tk. 55,80,000…
A: Number of shares outstanding = 68,200 Debt = 5,580,000 Interest Rate = 10% Interest Expense = Debt ×…
Q: a purchase price of P 100 per share. These subsc January next year. Profit for this year was P…
A: Shares are the units of the total stock of a company which shows the fractional ownership of the…
Q: The Paulson Company's year-end balance sheet is shown below. Its cost of common equity is 16%, its…
A: Given, The cost of equity is 16% Before tax cost of debt is 12%
Q: 2016 Total current assets P600,000 P560,000 Total property, plant and equipment 960,000 740,000…
A: Price earnings ratio is the ratio which helps in company's valuation. The price earnings ratio is…
Q: erie Co. (CC) has the following for 20x5: e income gate investment income $450,000 60,000 nd income…
A: The answer has been mentioned below.
Q: Equity Ordinary share capital Retained profits Total equity 100 41 41 100 30 130 Inventory at 1…
A: Ration Analysis The purpose of preparing ratio analysis is to find out the strength and weakness of…
Q: A company has the following items for the fiscal year 2020: Revenue = 10 million Net income = 4…
A: Earning per share is the earnings attributable to each share of the common stockholders.
Q: On January 1, 2021, Nana Company paid $100,000 for 7,000 shares of Papa Company common stock. The…
A: Securities which are held for trading purpose are reported at fair value. Any gain or loss which is…
Q: Alif company’s total investment in assets is OMR 2,000,000. It has 200,000 shares of OMR 10 each.…
A: You have posted multiple questions. We will solve only the first question for you. To solve the…
Q: White Lion Homebuilders Co.'s addition to earnings for this year is expected to be $857,000. Its…
A: The undistributed earnings available to shareholders are known as retained earnings. Companies…
Q: ordinary shares of Apple Corp., which represent a 25% investment in the net assets of Apple. IBM has…
A: Investments is one of the important assets of the business. This can be investment in shares or…
Q: Shareholders' equity in a firm is $500. The firm owes a total of $400 of which 75 percent is payable…
A: The net working capital is the excess of current assets of the company over the current liabilities…
Q: 5. The following information are related to Bacon Corporation: Sales Php 15,000,000 3.0x Asset…
A: Calculation of Book Value per share Book value per share = Total Equity/ Number of equity shares…
Q: PROBLEM 34 On January 1, 2020, Edelyn Corporation acquired 10,000 shares of JKL Company for…
A: 1. On 01.01.2020, Edelyn corporation acquired shares of JKL company = 10000 shares Purchase…
Q: Norway Company investments to Latvia Company are: Preference share capital 15% Ordinary share…
A: Net income is arrived after deducting the preference dividend So the net income left will be…
Q: Question 5 A company had the following balance sheet as on 31 March, 2021: Lisbilities Pin Crores…
A:
Q: Determine Alpha Moose Transporters’s retained earnings breakpoint:
A: Information Provided: Addition to earnings = $857,000 Debt weight = 40% Preferred weight = 5%…
Q: DIVIDENDS Brooks Sporting Inc. is prepared to report the following 2018 income state- ment (shown in…
A: Honor code: Since you have posted a question with multiple sub-parts, we will solve the first three…
Q: 2- The cumulative net profit of a company traded in BIST is given below. Net Profit/ (Cumulative)…
A: Net profit :- The amount of money your company makes after deducting all operational, interest, and…
Q: Comparing Alternative Investment Opportunities (AP14-4) The 2012 financial statements for the Price…
A: Ratio analysis seems to be a mathematical approach for getting insights into a corporation's…
Q: 9. A firm had owner's capital of P150,000 in 2013 and P187,500 in 2013. The increase in owner's…
A: Increase in owner's capital = P187,500 - P150,000 = P37,500
Q: Question 8 At the end of 2020, Diego Corporation reported a $40,000 balance in its common share…
A: Treasury shares are reacquired common shares of company. Common share account means shares issued…
Q: Prepare the Journal 27 Returned $40,000 consignment goods to Consignee Trading Limited. The goods…
A: Consignment is an agreement between two parties, in which one party sends its goods for sale to…
Q: capacity. The company has 50,000 shares of common stock outstanding. The firm will pay out 60% of…
A: Income statement is among the three financial statement named as cash flow statement and balance.…
Q: Peoples Bank Ltd. Balance sheet As at 31/03/2021 Assets $(000) Liab. & Equity $(000) Cash 50,000…
A: Here to identify the three risk which are faced the by the banks while checking the details of…
Q: b) Beximco Pharmaceuticals Ltd. has 68,200 of common stock outstanding. Beximco employs tk.…
A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: In December 2020, Montana Railroad Inc.'s share price was $65.50. They had 90 million shares…
A: Book Value of Equity: It is also called shareholder's equity, book value reflects a company's common…
Q: The balance in the retained earnings at December 31, 2020 and 2021 respectively are ₱720,000 and…
A: The following details are given. Retained earnings at December 31, 2020 - ₱720,000 Retained…
Q: Peoples Bank Ltd. Balance sheet As at 31/03/2021 Assets $(000) Liab. & Equity $(000) Cash 50,000…
A: Risk of the is the consequence of happening of an uncertainty. It can be reduced in a number of…
Q: Question: Financial Information of Us dollars amounts in million Net Sales Revenue 4000 Net Income…
A: Per-share earning is known as earning per share.
Step by step
Solved in 2 steps
- norway company investments to latvia company are: preference share capital 15%, ordinary share capital 40%, latvia company’s share capital outstanding on december 31,2021, is as follows: 10% cumulative preference share capital 2,000,000, ordinary share capital 7,000,000. latvia company reported a net income for december 31, 2021?Instrument Corporation has the following investment which was held throughout 2021–2022. Assume the organization has invested in stock and holds 40%. Fair Value Cost 12/31/21 Equity investment $900,000 $1,200,000 A. Record the initial investment. B. Total dividends paid equal $400,000. Record the dividends. C. Total Net Income for the year equals $600,000. Record the income. D. If Instrument increased its investment to 55%, what would occur? Explain your answer.JJJ Company provided the following information: Net income for 2020 11,000,000 Net income for 2021 15,000,000 Net income for 2022 18,000,000 Ordinary shares outstanding during 2020 600,000 On January 1, 2021, the entity granted a rights issue in the ratio of one new share for each 5 outstanding shares or a total of 120,000 shares. The rights are exercisable on March 1, 2021 and the exercise price is P5 per share. The market price of one ordinary share immediately before exercise of rights on March 1, 2021 is P11. 1. Compute for the adjustment factor. 2. Compute the basic earnings per share for 2020.
- JJJ Company provided the following information: Net income for 2020 11,000,000 Net income for 2021 15,000,000 Net income for 2022 18,000,000 Ordinary shares outstanding during 2020 600,000 On January 1, 2021, the entity granted a rights issue in the ratio of one new share for each 5 outstanding shares or a total of 120,000 shares. The rights are exercisable on March 1, 2021 and the exercise price is P5 per share. The market price of one ordinary share immediately before exercise of rights on March 1, 2021 is P11. 1. Compute the basic earnings per share for 2021. 2. Compute the basic earnings per share for 2022.JJJ Company provided the following information: Net income for 2020 11,000,000 Net income for 2021 15,000,000 Net income for 2022 18,000,000 Ordinary shares outstanding during 2020 600,000 On January 1, 2021, the entity granted a rights issue in the ratio of one new share for each 5 outstanding shares or a total of 120,000 shares. The rights are exercisable on March 1, 2021 and the exercise price is P5 per share. The market price of one ordinary share immediately before exercise of rights on March 1, 2021 is P11. Compute for the theoretical value of share ex-right.1. Avalanche Inc. revealed the following information for the year ended December 31. 2021 Preference share. P100 par-P2.4 million; Share premium, preference - P700,000; Ordinary share, P15 par-P3.5 million, Share premium, ordinary-P1.5 million. Subscribed ordinary share - P100,000, Retained earnings - P2 million, Subscription receivable, ordinary - P20,000 How much is the legal capital? A.P6 million B.PB 1 million CP5.9 million D.P8 2 million 2.At the beginning of 2021, DAI Corp. was organized with authorized capital of 200,000, P500 par value shares. The following transactions transpired during its first year of business. February 4- Issued 15.000 shares at P510 per share April 10- Issued 3,000 shares for services received (FMV of the services is P1.7 million). October 23-Issued 5,000 shares in exchange for a land (FMV) the land is P3 million) What amount should be reported as share premium? A.11.500.000 B. 23.000 C.850.000 D.12.350.000 3. At the beginning of 2021, DAI Corp. was…
- PPP Company provided the following shareholders’ equity on December 31, 2020: Preference share capital, 12% P100 par 1,000,000 Ordinary share capital, P100 par 4,000,000 Share premium 2,000,000 Retained earnings 1,000,000 Dividends have been paid on the preference share up to December 31, 2018. Questions: 1. Assuming that the preference share is cumulative and participating up to 16%, compute for the book value per ordinary share. 2. Assuming that the preference share is cumulative and participating up to 16%, compute for the book value per preference share.#21 The ABC Company began operations in January 2018 and reported the following results for each of its three years of operations: 2018 – 799,500 net loss 2019 – 123,000 net loss 2020 – 2,460,000 net income At December 31, 2020, ABC Company’s capital accounts were as follows: 8% cumulative preference share capital, 50,000 shares issued and outstanding – P 7,687,500 Ordinary share capital, 750,000 shares issued and outstanding – P 31,518,750 ABC Company has never paid a cash or bonus issue and there has been no change in its capital accounts since it began operations in 2018. What is the book value per ordinary share at December 31, 2020? Group of answer choices 41.62 42.85 41.70 42.0325) ABC Corporation purchased 30,000 shares of common stock of the XYZ, Inc. for $50 per share on January 2, 2020. XYZ Inc. had 100,000 shares of common stock outstanding during 2021, paid cash dividends of $180,000 during 2021, and reported net income of $550,000 for 2021. ABC Corporation should report revenue from investment for 2021 in the amount of?
- PPP Company provided the following shareholders’ equity on December 31, 2020: Preference share capital, 12% P100 par 1,000,000 Ordinary share capital, P100 par 4,000,000 Share premium 2,000,000 Retained earnings 1,000,000 Dividends have been paid on the preference share up to December 31, 2018. Questions: 1. Assuming that the preference share is cumulative and fully participating after ordinary share receives 15%, compute for the book value per ordinary share. 2. Assuming that the preference share is cumulative and fully participating after ordinary share receives 15%, compute for the book value per preference share.During 2020, Korea Company bought the shares of ZZZ Company. June 1: 20,000 shares @ P100 = 2,000,000; Dec. 1: 30,000 shares @ P120 = 3,600,000. Transactions for 2020 are: January 10 = Received 20 @ share dividend; July 20 = Received cash dividend of P10 per share; December 10 = Sold 30,000 shares at P125 per share. What amount should be reported as dividend income for 2021?PPP Company provided the following shareholders’ equity on December 31, 2020: Preference share capital, 12% P100 par 1,000,000 Ordinary share capital, P100 par 4,000,000 Share premium 2,000,000 Retained earnings 1,000,000 Dividends have been paid on the preference share up to December 31, 2018. Questions: 1. Assuming that the preference share is cumulative and fully participating, compute for the book value per ordinary share. 2. Assuming that the preference share is cumulative and fully participating, compute for the book value per preference share.